IBDAA: NEW COOPMED INVESTMENT IN LEBANON
CoopMed is expanding its portfolio in Lebanon by signing a USD 1.5M Loan contract with IBDAA Lebanon, as well as technical assistance. Ibdaa Lebanon is an initiative of the Arab Gulf Fund for Development (AGFUND) and socially responsible Lebanese investors, and it is part of the Ibdaa Network (Syria, Bahrain, Jordan, Palestinian Territories…). The institution provides inclusive financial services to low income people in Lebanon, focusing on women, youth and microentrepreneurs.
As of June 2019, Ibdaa Lebanon holds a EUR 12,4M gross loan portfolio.